A majority of the talk focused on the upcoming 2012 presidential
election. Dimon said matter-of-factly that more JP Morgan
employees are probably supporting Mitt Romney—who is currently
vying for the Republication presidential nomination—than
President Barack Obama.

As member of the New York Federal Reserve Board, Dimon himself is
not allowed to publicly endorse or support a candidate, but he
did say that he is now "barely a Democrat."

"I think the left side of the party is really destructive,
but I think the right side is equally destructive, I'm more kind
of in the middle," Dimon said.

In addition, Dimon clarified previous media reports that he
had been at a Mitt
Romney fundraiser and was secretly supporting the former
governor of Massachusetts.

Despite being very opinionated about the state of the economy
and current events—Dimon reiterated previous statements he has
made about the housing market hitting a bottom and the public
discourse on class warfare being counterproductive—the JPMorgan
head expressed very little political ambition
himself. Dimon told Gasparino he planned to keep his spot
at JPMorgan for five to three—or possibly more—years and did
not see himself ever taking the position of Treasury Secretary,
as many high-ranking Wall Street executives have done in the
past.

Instead, Dimon said he'd prefer to work at a small investment
firm or in academia. (Professor Dimon, anyone?)

Dimon, who will be in attendance at the
World Economic Forum along with other major U.S. bank
executives, also told Gasparino what he would like to do in
Davos if
he had all the major regulators and officials in one room:

"If people got together—Democrats or Republicans, Europe or the
U.S.—and actually thought across the whole picture about
policy , leverage, Basel III, Dodd-Frank, what works, what we
need to fix, what we don't need to fix—I think you can actually
have more consistent coherent policy and a better recovery," he
said.